INVEST SMART INDIA PRIVATE LIMITED,HYDERABAD vs. ITO, WARD-2(1), HYDERABAD
In the result, appeal filed by the assessee is allowed
ITA 331/HYD/2023[2013-14]Status: DisposedITAT Hyderabad22 Feb 2024AY 2013-14
Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarआ.अपी.सं /Ita No. 331/Hyd/2023 (िनधा"रण वष"/Assessment Year: 2013-14) Invest Smart India (P) Ltd Vs. Income Tax Officer Hyderabad Ward 2(1) Pan:Aftpg1095F Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri N. Raja Kumar, Dr सुनवाई की तारीख/Date Of Hearing: 20/02/2024 घोषणा की तारीख/Pronouncement: 22/02/2024 Order Per R.K. Panda, Vice-This Appeal Filed By The Assessee Is Directed Against The Order Dated 19.04.2023 Of The Learned Cit (A)-Nfac Delhi, Relating To A.Y.2013-14. 2. Although A Number Of Grounds Have Been Raised By The Assessee, However, These All Relate To The Order Of The Learned Cit (A) Nfac In Confirming The Penalty Of Rs.30,000/- Levied By The Assessing Officer U/S 271(1)(B) Of The I.T. Act. 3. Facts Of The Case, In Brief, Are That The Assessee Is A Private Limited Company & Did Not File Its Return Of Income Nor
For Appellant: Shri P Murali Mohan Rao, CAFor Respondent: : Shri N. Raja Kumar, DR
Section 142(1)Section 144Section 148Section 271(1)(b)Section 274Section 68
68 of the I.T. Act. Since the assessee did not respond to the statutory notices issued u/s 142(1) dated 30.06.2021, 29.11.2021 and 22.12.2021, the Assessing Officer issued notice u/s 274 r.w.s. 271(1)(b) dated
29.3.2022 asking the assessee to explain as to why penalty u/s 271(1)(b) should not be levied. Since there was no response from
